Hermes Investment Management Ltd (Hermes) recently acquired a notifiable interest in the shares of HK-listed COSCO SHIPPING Ports Limited (COSCO SHIPPING Ports). According to a filing submitted to the Hong Kong Stock Exchange on June 21st, 2018, the firm bought 516,000 shares on the exchange at an average price of HKD 7.0638 on June 20th. Following the purchase, their stake in COSCO SHIPPING Ports increased from 4.99% to 5.01%.

COSCO SHIPPING Ports manages and operates terminals. Its network of terminals extends to more than 30 ports globally, covering the main five port clusters along the Chinese coast, Southeast Asia, Europe, the Mediterranean and the Black Sea. The company’s ultimate parent is COSCO SHIPPING Corporation Limited, one of the largest integrated shipping enterprises in the world.

Hermes is a global investment management firm providing public and private markets investment strategies and engagement services to institutional and wholesale investors. Hermes was established in 1983, first to manage the assets of its owner, the BT Pension Scheme, and more recently for a growing range of external customers. As of March 31, 2018, the firm has ~£33.6bn of assets under management and ~£330.5bn in assets under advice.